$BTC /ZAR snapshot. Here's a clear breakdown of the current price action and trade outlook based on your data:
BTC/ZAR Market Overview (10 May)
Current Price Levels Observed:
Resistance Zone:
1,900,000 ZAR (psychological & technical barrier)
1,889,000–1,883,828 ZAR (possible short-term selling pressure)
Support Zone:
1,870,000 ZAR
1,862,622 ZAR
1,860,000–1,840,000 ZAR range looks like a buying base
Intraday Price Structure:
Market has been ranging between 1.86M–1.90M ZAR
Highs and lows around 15:25 and 23:45 show active volume during global BTC trading overlap (US/EU hours)
Trade Idea:
If Bullish Continuation:
Entry: Buy on breakout of 1,890,000–1,900,000 ZAR
TP1: 1,930,000
TP2: 1,960,000
SL: Below 1,870,000
If Pullback Before Breakout:
Buy the Dip Zone: 1,860,000–1,870,000
Same targets as above
Would you like a comparison to BTC/USD price for arbitrage or hedging strategy?